Alberta budget

[mustardman]

LEp. High royalty don't work if the province next to you is giving it away for Free
Oil companies LOVE one province Bidding lower than the next ( race to the bottom)
Ralph Klein gave it away for free , how can you outbid that?

[dmlfarmer]

LEP: How does your analogy explain SUNCOR's success? From SUNCOR website: "Since Suncor became publicly traded in 1992, daily oil sands production has increased by 600%.* Over the same period, Suncor's total return on investment has returned 5173%, versus the S&P 500 total shareholder return of 373%.* Our future growth opportunities are world-class, with a compounded annual growth rate potential of 10 to 12% in oil sands and 7 to 8% overall until 2020."

[oldjim]

fjlip: Norway is about same population as AB, really curious how their socialist Govs, worked with BIG oil and business, and accumulated all their $$ Billions. Had to tax the resources somehow without killing investment.

The largest share of the Norwegian oil industry is run by Statoil, a government-owned company:

https://en.wikipedia.org/wiki/Statoil

So their government didn't have to work with big oil, they were (and still are) big oil.

I remember seeing a news report quite awhile back that the head of Statoil was looking at investing in the Alberta oil sands. I don't know if anything ever came of that.

[fjlip]

"In 2007 Statoil bought a large area in the Athabasca oil sand field in Canada after purchasing North American Oil Sands Corporation for $2.2 billion."

[oldjim]

There you go! I got bored part way through and quit reading. I see they also have a stake in the Bakken, which, considering the high percentage of Norsk descendants in North Dakota - sorta keeping it in the family!

[mustardman]

Statoil basically said if Alberta was going to charge little to NO royalties ,they were going to get in on the FREE oil too.

[LEP]

I actually meant the first comment about the potash industry. It is a huge capital investment.

Whether it's oil or potash don't expect to change royalty rates and not have huge backlash.

Kind of like deciding that property taxes should be 3% of market value. Guess what your capital investment would be worth then.

[fjlip]

Says they paid the 2.2 Billion in CASH!. Guess Sk NDP should have copied Statoil, when in power and became a world wide oil baron too. They had scandals I see, but so does BIG business have it's CROOKS. But obviously either royalties or profit stayed in Norway's accounts rather than Oil Company shareholders.

[cottonpicken]

Good god thank you guys for something to digest finally

[TOM4CWB]

Alberta has contributed $100's of Billions to the Canadian economic system. Equalization has taken the cream off the top.
Anyone who says black oil has got a free ride is demented.
We need to live with in our means and be smart about the future of Alberta.
The ND need to listen... We have an innovative crew of Wildrose political leaders with common sense ideas.
The doom and gloom is over reacting... We have a great future of prosperity if we listen and be responsible humble leaders.
Cheers!

[mustardman]

tom I am not demented
Compare Alaskan royalty structure to Albertas

For a 4 year period in the early 2000's more money came to alberta govt from VLTs than from oil sands royalties. (Article in oil and gas revue)

The royalty structure was written by and for the oil companies,much like the property rights legislation You were so fond of

[TOM4CWB]

Mustard
Alberta is not Alaska... And we do not live in the USA
I say black you claim I said White.
No wonder Canada has difficulty ahead.
We have a wonderful future if we choose to build a better nation.
Cheers!

[bucket]

Didn't alberta just choose to build a better province with a publicly elected government?

Mulcair in 2015!!!!!

[cottonpicken]

Mustard i say all farms are now the states natural resource and mines and lakes oil fields mmmmm what else can I put my greedy little fingers on. If that system worked we would all be speaking Russian

[Hamloc]

Norway again! Simple question how many of you are willing to pay a 25% sales tax and an income tax rate of 55%? That is Norway.